Feedster Announces New President, Additional Funding

July 13, 2006; 07:41 AM

Feedster, Inc., the leader in search and syndication of dynamic content, has announced today that Tyler Goldman will join its Board of Directors and become acting president. Mr. Goldman was previously Senior VP of Corporate & Business Development at Movielink, and founder and CEO of Broadband Sports, Inc. Former president, Chris Redlitz, left to pursue interests in earlier stage companies.

"Feedster is well-positioned to expand its leadership in search and syndication," said Mr. Goldman. "With 41 million blogs and feeds being searched dynamically, Feedster provides consumers with the best way to leverage the constant flow of information that is being published on the web. Feedster is well-recognized by the technology community as the leading search and syndication engine for dynamic web-published content, including blogs, news and podcasts, and is in the process of expanding this leadership position in newly emerging areas like images and video. As millions of users, publishers and other web-based entities continually generate a vast amount of dynamic content, Feedster provides a comprehensive platform to search and syndicate content that is most relevant and timely."

At Movielink, Mr. Goldman was responsible for all strategic initiatives, distribution, consumer products and third-party partnerships for the company, a joint venture among Warner Bros. Studios, Paramount Pictures, Universal Studios, Sony Pictures Entertainment and MGM for the Internet distribution of video content. Under Mr. Goldman's leadership, Movielink became the leading Internet provider of film content, with distribution partners that include Time Warner Cable, Charter Communications, AT&T, and AOL. Prior to Movielink, Mr. Goldman built Broadband Sports into a leading publisher and syndicator of sports content, with a network of syndication partners across satellite, cable and Internet platforms, including DirecTV, Fox Sports, Yahoo!, ESPN, AOL, and eBay.

Marco DeMiroz, Chairman of the Board of Feedster, remarked, "Feedster's momentum continues with product innovation and business expansion. Given Tyler's extensive track record in alliance building, content generation and syndication, he is certain to steer this momentum toward a great success."

In connection with its domestic and international growth plans, Feedster also announced that it closed a new round of financing. All prior institutional investors participated -- including Selby Venture Partners, Omidyar Network, Mitsui & Co., and Josh Kopelman's Midas Capital, as well as new investor Felicis Ventures. In connection with Felicis Ventures' investment, its Principal, Aydin Senkut, who spearheaded Google's strategic partnerships in the Asia-Pacific region, will become an observer on Feedster's Board of Directors and will join Josh Kopelman on the company's Advisory Board.

About Feedster

Feedster (http://www.feedster.com) is the leader in search and syndication of dynamic content and services. The company's main site http://www.feedster.com continues to be one of the top three trafficked sites for news, blog and podcast search, as reported by Nielsen Research. Feedster's search engine scans feeds constantly, providing a fresh look at the millions of sources it tracks. Each day, Feedster adds millions of new posts as blogs, news, and podcasts from existing feeds as well as tens of thousands of new sources. Feedster's syndicated content service enables all types of publishers, from AOL, Boston Globe to Mitsui in Japan, to aggregate dynamically updated content and customize it for their own distribution. Feedster, founded in March 2003, is a privately held company and based in San Francisco. http://www.feedster.com